Brazil Says It Will Meet But Not Exceed Its 4.25% Primary Surplus Goal

Brazil’s Minister of Planning, Paulo Bernardo, said that the government will meet the primary surplus goal set for this year at 4.25% of the Gross Domestic Product (GDP).

The budget programming decree signed Tuesday, May 16, expands the federal government’s participation in the primary surplus to 3.35% of the GDP. The previous target for the federal government, as determined in the Budget Guidelines Law, was 3.15%.

Bernardo affirmed once again that, unlike what has occurred in previous years, this year the government intends to comply strictly with the primary surplus target and not greatly exceed it.

Meanwhile, the Brazilian internal federal securities public debt (bonds emitted by the government) registered a drop in US$ 8.55 billion in the month of April, in comparison to the previous month.

This was a reduction of 1.8%, caused by the call on public securities, which added up to US$ 12.48 billion last month. The information is on the monthly report on the debt and open market, released by the Ministry of Finance.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Favelas Growing 4.5% a Year in Brazil

What grew 4.5% a year in Brazil between 1991 and 2000? Unfortunately it was ...

Indian Land Demarcation in Brazil Delayed by Economic Interests

Last week, two Indian groups from the Northeast of Brazil were mobilized to sort ...

Tropicí¡lia Brings to London Brazil’s Multisensory Garden of Eden

Tropicália: A Revolution in Brazilian Culture is a groundbreaking and vibrant exhibition which captures ...

Electronic Bidding Saves Brazil Over a Quarter Million Dollars

Use of electronic bidding was largely responsible for the US$ 255.51 million (520 million ...

Brazil Doesn’t Know the Arabs and Vice-Versa

The South American – Arab Countries Summit, which gets underway tomorrow, May 10, will ...

Brazil Hopes China Will Curb Own Exports Avoiding Trade War

The executive secretary of the Brazil-China Entrepreneurial Council, Renato Amorim, said he believes in ...

Brazilians Interest in Arabic Brings Old Book Back to Life

The Arab Brazilian Chamber of Commerce is relaunching the book "Elementary lessons in Arabic ...

Brazilian Elections Don’t Bode Well for Itaipu’s Paraguay Deal

The chances for Paraguay of a better deal from Brazil regarding the Itaipu hydroelectric ...

Brazil Among World’s Cheapest Places to Live In

In spite of the recent valorization of the real compared to the dollar, São ...

A Chance to End Impunity

Indictment, Brazilians have learned, does not mean conviction, and as similar cases pile up, ...